Magic Software Enterprises Ltd.: Business Overview, Financials & Competitive Analysis
Magic Software Enterprises Ltd. scores 7/10 on the AskCyborg Cyborg Score (Strong). Strong-growing integration and low-code platform provider entering consolidation phase with larger Israel IT services partner to create $2.1B IT services powerhouse. Q2 2025 revenues increased 11.3% year-over-year to $151.6 million. Q3 2025 showed record-breaking revenues of $161.7 million with 13.1% year-over-year growth. The company demonstrates solid revenue growth.
What is Magic Software Enterprises Ltd.'s industry? Magic Software Enterprises Ltd. (magicsoftware.com) operates in Enterprise Software / Integration Platforms as a Service (iPaaS) / Low-Code Application Development. AskCyborg classifies Magic Software Enterprises Ltd. under Enterprise Software / Integration Platforms as a Service (iPaaS) / Low-Code Application Development in its company registry.
Magic Software provides low-code integration and data management platforms that simplify connections between legacy systems and modern cloud applications. Its flagship products—Magic xpi Integration Platform and Facto...
Cyborg Score thesis
Strong-growing integration and low-code platform provider entering consolidation phase with larger Israel IT services partner to...
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Get Current Report FreeMagic Software Enterprises Ltd. Overview
Pro stress-test →Magic Software provides low-code integration and data management platforms that simplify connections between legacy systems and modern cloud applications. Its flagship products—Magic xpi Integration Platform and FactoryEye Smart Factory Solution—enable enterprises to achieve end-to-end visibility, faster cloud migration, and managed integration services.
Strategic Profile
Pro stress-test →As of February 24, 2026, Magic Software completed a reverse merger with Matrix I.T Ltd., becoming a private company wholly owned by Matrix. The company was delisted from NASDAQ and TASE on February 25, 2026. The combined entity operates in approximately 50 countries, serves around 6,000 active clients, and employs over 15,000 employees.
Competitive Landscape
Pro stress-test →Magic Software operates in competitive low-code/iPaaS market with strategic partnerships across major cloud vendors including Microsoft, Salesforce, Oracle, and SAP. Competition includes MuleSoft, Boomi, Zapier, and other integration platforms, but Magic's enterprise focus and legacy system expertise provide differentiation.
Industry Context
Magic Software Enterprises Ltd. operates in Enterprise Software / Integration Platforms as a Service (iPaaS) / Low-Code Application Development.
Key facts
Founded: 1983 · Headquarters: Or Yehuda, Israel · Employees: 3,790 · Revenue: $552.5M (2024 full-year)